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FOX Business
Feb 14, 2013 11:00am EST
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
FOX Business
Feb 4, 2013 11:00am EST
growth and will the risks like u.s. politics stay out of the way? the answer is yes and my guess for now it is yes. the path of least resistance is higher. connell: even if you are right, people say boy, initial investors, we will talk later about the fact they have been getting more involved in the market and the inflow starting to look better on that front, but some of them say we've had a nice run above the 14,000 last week, i missed it, should've gotten in earlier. they're looking for a big pullback, is that the wrong way to go about it in your view? >> i would step up my purchases, i would not try to time it if i had earmarked for the equity market. we have avoided the fiscal cliff posted on the debt ceiling. earnings are decent, decent economic indicators here and outside the u.s. on balance is good, not everyone of them. we have central bankers all over the world, but begging for reflation putting money in the system and a lot of cash getting zero return and those things i think are the reason the stock is likely to continue going. connell: that is the last one i want to pick up o
FOX Business
Feb 1, 2013 11:00am EST
not living in the u.s. but in fantasyland? connell: we will talk about that and immigration reform because it has been huge topics this week. if we told you you could save billions of dollars in foreign aid to corrupt governments with immigration reform would you take that trade? dagen: super bowl feeder and counterfeiters are honest. we bring you more on a record $13.6 million bust in fake nfl merchandise. you got to give me a jersey, if you don't make one i will get one. connell: you will be all right. especially men wearing sports jerseys is one of my pet peeves. let's go to nicole petallides at the nyse-listed 14,000. nicole: don't come down here today because today on the floor of the nyse, support your favorite team. and the trader jackets a lot of traders are wearing their favorite jersey's. the dow four days out and we hit it, we are here, 14,000 right now, a gain of 140 points. dow leaders include bank of america and travelers and verizon and american express and at&t helping along the trend has been a good one, january, the best january in two decades. we kickoff 2013 in a very b
FOX Business
Feb 14, 2013 1:00pm EST
major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in there. when you talk about the eurozone and growth potential seeing it is disappointing and not pulling
FOX Business
Feb 1, 2013 1:00pm EST
. the white house calling the homicide attack on the u.s. embassy in turkey a terror. two are dead. military sources telling fox news that all u.s. staff are safe at this time. in mexico city, people are dead after the explosion at a mexican owned state oil company. the cause of the explosion remains unknown. those are your headlines. who got bleeped, you or me? thank you to congress taking the can down the road, massive defense cuts were put off until march 1. with just one month ago, there is little sign of progress. general charles joining us now. welcome, sir. $500 million in defense department spending cuts. they are likely inevitable. your thoughts on the impact. >> first of all, there has already been $487 billion of cuts levied on the deal. the 500 billion that is pending would be devastating. one of the things that i like to remind people of is we are already in sequestration. the department has already started cutting their spending on many other programs. lori: the first tape showed a contraction. as you know, there are a lot of deficit hawks out there that are happy to see cuts a
FOX Business
Feb 19, 2013 11:00am EST
. the u.s. government has been bringing this up with the chinese for a long time. it is low risk. it is low cost. it is high return and difficult to track. even getting a location on these servers, this is a little bit of guesswork involved there. there are real challenges there. the big question is, how do we respond? connell: if you had to give a great to the american public, how ready are we? >> there are so many elements. you have to peel back the onion. you have to talk about things like, you know, the electrical grid and things like that. i would say we are at a c level. guy forbid, it could come to conflict with the chinese could shut out the lights on us here. shut off the power. shut out though, you know, air traffic control system. connell: thank you. i also want to point out that the ceo of that company preparing the report will be on the next hour of "markets now" with dennis kneale and cheryl casone. dagen: already looking into some stock orders. what does the chief have to say about this? connell: washington's spending problem. entitlement programs like social secur
FOX Business
Feb 7, 2013 1:00pm EST
on its nuclear program. they say the nuclear fuel is for energy reactors. the u.s. is concerned that they will produce weapons grade material. let's head to the pits of the cme and phil flynn. >> very little reaction down here. the very first place you want to look is the ti spread. it has spread out to the largest level of the year. it is possible that part of that could be this story. a lot of people did not hold out a lot of hope for the stocks. the direct talks with the u.s., they thought maybe something may come out of that. at least they were hopeful. the rejection, now that obviously looks like it will be off the table. these talks will not do a whole heck of a lot. this comes at a time where they are tightening sanctions even more on iran. we saw saudia arabia, and take if you cannot get enough supply, we will pump a little bit more. melissa: that u.s. productivity fell 2% in the fourth quarter to its lowest level in nearly two years. what does the next day to say about our economic recovery? what do you make of that productivity number? that jumped out at me. >> the mov
FOX Business
Feb 4, 2013 1:00pm EST
slowdown, u.s. government shutdown. they are off the table. cheryl: let's forget about the market. let's talk about the super bowl. all of the ads. dennis: hominy cakes did it take for the nerd to get that shot right? melissa: it ruined my appetite which is what i needed at that point. lori: i love guys like that. that is my type. [ laughter ] melissa: i am speechless. i am melissa francis. lori: i am lori rothman. rbc wealth management ceo joins us on whether or not this pullback will last. melissa: is your wallet running on empty? consumers spend more on gasoline as a percentage on their income in nearly a decade. lori: the white house and action against china. let's get you updated on the market as we do every 15 minutes. nicole: you have to blame europe. let's take a look at the major market averages. you'll not see the dow 14,000. 13,887. that is a loss of nearly .9%. the tech heavy nasdaq is down one quarter of a percent. these were high levels that we have seen since october 2007. a lot of the bulls out there were really celebrating. the dollar is particularly strong today. it h
FOX Business
Feb 21, 2013 1:00pm EST
at the strong dollar. you also have to look that u.s. oil production did the highest level in almost 20 years. it is absolutely incredible. a couple days ago, everyone was talking about $100 a barrel. now they are wondering if $90 will hold. the april futures just hit $93, as i speak. inventories, of course, rose. it was on the increase in production. a decrease on imports. that really impacted the market. that is good news for gasoline prices. they got hit very hard. the gas inventories fell. that was a bigger drawdown in gasoline. because of the strong dollar, that is keeping that market very strong. heating oil, they do not seem to care. the other big numbers today, natural gas. a drawdown aided in expected. it gave natural gas a little bit of a boost today. we could see a bigger drawdown than expected next week. ashley: phil flynn of price future group. thank you so much. shibani: buckle up for more volatility, it sounds like. take a look at what is happening to the national price of gas. it is up there descent from a month ago. this is refinery plants across the country. they are facing
FOX Business
Feb 19, 2013 1:00pm EST
as we do every 15 minutes. lauren, we are starting the week on an up note. >> this u.s. stock market rally really started in europe. the u.s. market has of arrows across the board. a really tight range for stocks. volume clearly to the upside by about two-one your advance to the client line. really pushing closer to those all-time highs. 14,198. we are not far from there. 1576, we are not far from that either. we are getting there. hopefully, we can keep this winninn streak live. ashley: healthcare provider stocks taking a hit. proposing lowering medicare rates next year. peter barnes joins us now from inside the beltway with the details on this story. peter: they are proposing a cut of about 5% or so in payments to insurance companies that offer medicare advantage is. about a quarter of all seniors in medicare, about 15 million of them, are enrolled in medicare advantage. they could have added benefits. patients have to stay in their healthcare network which helps insurance companies, in theory, manage their costs. private insurers are reimbursed for all of this by the government. t
FOX Business
Feb 25, 2013 1:00pm EST
who have little in savings. melissa: days after digging out from a foot of snow, the u.s. is bracing for a second blizzard this week. lori: who is up and who is down in the dow. the index itself off 34 points right now. . . . . ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. lori: stocks now. let's head to the floor of the new york stock exchange and check in with nicole pet pelt. you're watching shares of yum! brands. what is going on there, nicole. >> the stock is going back and forth today. it is higher now. but pretty much flat. worth it to talk about what yum! brands is doing big picture. there were concerns in china pertaining to poultry and. there were a scare. too many antibiotics in the chicken. they saw sales drop at kentucky fried chicken. that is huge revenue generator for yum! brands. they have taco bell, kf. consider and pizza hut. the kfc got hit over in china. they're severing ties with some suppliers over in china. we'll see what that does. the latest numbers were a disappointment. over the l
FOX Business
Feb 20, 2013 11:00am EST
of cyber attacks against u.s. companies. dagen: the white house is considering fines and other trade penalties against china. peter barnes has the very latest from washington. peter: the administration is expected to release its own reports. attorney general eric holder will be holding a news conference on this this afternoon. the u.s. is trying to step up efforts to prevent chinese hacking which have hit dozens of u.s. companies. the second report increasing pressure on the administration to take more forcible action against the chinese for what experts say have been years of systematic x-men nosh. these new programs between u.s. intelligence agencies and companies will take time to roll out. connell: peter barnes in washington, d.c. for us. obviously, this is becoming a bigger and bigger story for us. watch this. >> we have also, regularly and repeatedly, raised our concerns at the highest level with the chinese government about cyber theft. including with sr. chinese officials and the military will continue to do that. connell: former navy seal is with us. you have heard the gover
FOX Business
Feb 6, 2013 1:00pm EST
as if it were an act of war. any attack against u.s. interests. now, it has become routine. we are getting a quarter of a million attacks against government facilities every day. we have a story like this today in which the federal reserve was hacked. presumably that a number of groups including anonymous. it should be very very disconcerting to all americans that we do not know who is caring out these attacks. we know, in general, that the people's republic of china carries out the largest number of attacks from mainland china against u.s. interests. mainland china and the peoples republic there. they managed to carry out, also 3500 front organizations in this country specifically to hack, acquire, steel, however you want to say it, military secrets. all of which have been the victims of cyber attacks. they say, well, nothing very much was, you know, taken from us. we do not know who did it. rest assured, it was a temporary problem and has since been fixed. it is repeated by the day. lori: do you think that these cyber attacks are escalating toward something bigger? to your point, you men
FOX Business
Feb 18, 2013 11:00am EST
to make this country mad? canada has made it clear that it could retaliate against the u.s. do we need to be worried about this? >> that is a great question. they are part of nafta. most of americans do not realize that our number one trading partner is not china, it is canada. i just really do not understand the rationale of not building this. it was the first reason that president obama gave. now, i see no reason, other than kowtowing to the very radical environmentalists and not bringing this to america. dagen: thank you very much. steve moore from the "wall street journal." thanks again. >> thank you, dagen. dagen: let's take a look at the u.s. dollar. trading down versus other major currencies today. agreeing not to target the exchange rates of world currencies. concerns that competitive devaluation could spark a currency war. let's just say, g20 kind of poo-poo'd this. are we not the biggest culprit through the federal reserve of weakening the dollar? >> well, with the federal reserve, their quantitative easing program has been having side effects. i think it is important to reco
FOX Business
Feb 15, 2013 11:00am EST
test on tuesday. iran turned to china in an effort to find parts to speed up its effort. a new u.s. report shows iran try to smuggle thousands of specialized maintenance through china. it banned from doing so under united nations sanctions. the track star accused of fatally shooting his girlfriend has been accused of murder. he shot his model girlfriend four times through a bathroom door at his home. he will remain in custody until a bail hearing on tuesday. those are your news headlines on the fox business network. back to connell. connell: manufacturing and a manufacturing renaissance. plant closings are still far more frequent than plant openings. jeff flock is in illinois today. jeff: the old harbor of coleman factory here and rockford, this was 65 acres. i just want to put some perspective on this for you. this is one that has been closed now for several years. i tell you, it is not coming back. if you look, they look more closely at the number of plant openings and plant closings. you see that at no time, in the past, well, no time in the past 30 years has the number of plant
FOX Business
Feb 22, 2013 11:00am EST
years. the u.s. will -- stocks are expensive compared to the rest of the world. the suggestion is not to own the u.s., but all a little less of it. you just look at your 401(k) and change allocation in terms of percentage. are you worried about something in particular here in the u.s.? we will talk about the sequestration later with mr. brown. the markets, will they have a big selloff? >> i do not know if we are looking at a big selloff. we have faced these huge issues. will the u.s. go off the fiscal cliff? i think this is a more modest issue. we are putting a lot of fiscal drag. that is a lot of money for an economy only growing 2%. my concern is not a major selloff, but a growth disappointment in the first half. we are looking at a correction, should that happen. connell: we will have this debate and continue to have it. some people are saying that this of kuester is a really big deal. it is in a slow bleed. it is not as big of a deal. >> you cannot look at it in isolation. in total, again, it is not a game changer, but it will be a drag for the first part of the year. conne
FOX Business
Feb 8, 2013 1:00pm EST
. ashley: looking good, robert. melissa: the real housewives husband. ashley: thank you so much. melissa: u.s. home values closing out. 2012 medium home values are up 5.9% year over year. dan humphries -- stan humphries expects the recovery to continue. he is here with his predictions. thank you so much for coming on the show. let's start with the worst market for 2016. i want to drill down on some of these details. the places where you do not expect to see the biggest jump over the next year. they may be good opportunities for buyers, right? >> yes. some of the markets that will move slowest over the next year are markets in the midwest and northeast. think cincinnati, cleveland, new york, outside the five boroughs. out in new jersey, the markets are definitely moving slower. melissa: the reason why we highlight those, we call them the worst price appreciation over the next year, but they create good opportunities. talk about some of the best price appreciation targets right now. >> the best price appreciation that we expect to see is coming in markets that were the hardest hit during the do
FOX Business
Feb 5, 2013 11:00am EST
that downgraded the u.s. it does not smell perfectly -- connell: they did not want to admit wrongdoing in a settlement. now you have a lawsuit as a result of that. there are a lot of people that were wrong about the financial crisis. maybe some of them were wrong on purpose, maybe they were not. if you look at the complaint, they may have some issues. there are e-mails. internal e-mails, if you look at the complaint back in 2006 where in s&p employee said rating agencies continue to create an even bigger monster. let's hope we are all wealthy and retired by the time this house of cards falters. that applies that selig did know it was a mess and they still said it is all right. >> you have to take into account how many employees work at any organization. it is very hard. we have not seen the complaint yet. what it actually stipulates. in terms of prognosticating the future and predicting the financial crisis -- connell: a lot of people were wrong. [talking over each other] connell: i do not know what your personal track record was, but analysts are wrong all the time. they make predicti
FOX Business
Feb 11, 2013 11:00am EST
in the middle there somewhere. marshall, thank you very much. connell: the value of u.s. stocks up by $12 trillion since 2009. those numbers are from the federal reserve. our next guest says there is still room in the stock market. our next guest is bryan was worried. >> marshall is the keynesian. i do not believe there is any evidence to prove that he is right that government spending helps the economy. prosperity of europe, it is in the post. in the last five years, you have had substantial guts and government expenditure. >> marshall, there is no government in europe that have cut spending in the last five years. zero. nada. over the last 40 years, france has had an 8.1 unemployment rate on average over 40 years. that would not fly here in the united states. >> i think we will have to agree to disagree. i think ronald reagan did in outstanding job. i think we would probably agree that was a good way to go. i do not think he did it by shrinking the government in this fiscal austerity graze. connell: we are both satisfied. >> i will end it with ronald reagan is a great president. [ laugh
FOX Business
Feb 28, 2013 11:00am EST
's on capitol hill. >> there could be, but for now, nothing going. a couple votes in the u.s. senate. a democratic vote to replace cuts in ten years, but the pay fors and cuts take a decade, including a 30% minimum tax rate for income amounts of over $5 million. as a republican plan, allows flexibility for the president to go and fill in the spending cuts from elsewhere in the budget. neither proposal will pass. the president meets with congressional leaders tomorrow at the white house. the rest of congress out at that point when spending cuts, automatic spending cuts begin tomorrow. leaders skeptical saying it's just a foe toll opportunity. -- photo opportunity. no deal, but voting is this afternoon. dagen: thank you. as we edge closer to the deadline, the impact of the cuts on the economy, on the market, could they be more drastic than investors bet on? to break it down, a professor at the international business schools, jeremy hills in studio with me, managing director at tf marketing advisers. katherine, will the impact on the economy, an economy only growing one-tenth of a perce
FOX Business
Feb 15, 2013 1:00pm EST
in the united states. so made in the u.s., sold from the united states. >> that's absolutely correct. we're very pleased. >> jim, thank you very much. good to have you on fox business and markets now. we'll talk to another ceo of another boat company. you probably heard the name, one of the biggest boat companies in the world. dusty mccoy, chairman and ceo of brunswick. they make the sea ray. they target the upper income customer. europe is a big market for them. we'll talk how the europeans are doing and if there is any margin issues there also we'll play with some toys in the next hour of markets now. melissa: look forward to that. cheryl casone, thank you very much. lori: best assignment of the week in miami. thank you, cheryl. it is quarter too as we do every 15 minutes let's check the markets. nicole petallides on floor of the new york stock exchange. >> we're looking here at burger king. shares have been on the rise. they came out with fourth quarter results. they're working on marketing trying to beef it up and move into the second spot in the hamburger world. they're also beefing up the
FOX Business
Feb 18, 2013 1:00pm EST
day is what matters sales and auto sales. the u.s. holiday resulted in low trading volume. the market reacting. risks to the euro zone's recovery. speaking of europe, by the way, is the u.s. going the way of greece? check out the front cover of the latest addition. "we follow president obama's plan, the u.s. will be in worse shape than greece is today." it will take 25 years, maybe sooner. the federal debt is the problem. we have to make serious spending cuts now. we could be like greece. interesting. and frightening. tracy: nobody is cutting anything any time soon. what do they drink in greece? ashley: -- tracy: okay. get that out. revealing illegal immigrants would be allowed to come and become legal permanent residents. marco rubio had this to say. >> it would be dead on arrival in congress, leaving us with unsecured orders and a broken legal immigration system for years to come. no surprise. lou dobbs is here and has something to say about this. lou: i am not riled up, by the way, at all. this is entirely to be expected. the bipartisan plan, which they almost have complete. they h
FOX Business
Feb 20, 2013 1:00pm EST
'll tell you how to play the housing recovery without investing in the homebuilders. tracy: the u.s. postal service working it? well on the runway? come on. that's right. the cash-strapped usps delivering a new fashion line. we'll be right back. ♪ . what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate obreast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful brea
FOX Business
Feb 27, 2013 1:00pm EST
for the u.s. are the consequences of cuts being overblown in washington? fox contributor juan williams joins me with his take. thanks for coming on the show. >> my pleasure. melissa: if you're watching this, this is the story of the day today, seems a game of gotcha with the different white house surrogates who come out and said planes will fall out of the sky, to the point jon stewart is piling on. he did a whole bit about how silly it is this idea they will not give kids shots and kids celebrating about that. even the ap did a whole roundup on how silly this was. do you think that it was a bad idea tax particularly and politically to be overdramatic perhaps about what it could mean? >> no. it is politics and, you know, you're playing on poll numbers, melissa. so a lot of poll numbers, for example, right now, there's a pew poll out says, 52% of americans think, you know, the sequestration is a bad idea. that they don't like that approach. now you also have to recall though, americans overwhelmingly think we need to do something about the debt in this country that is just out of control and
FOX Business
Feb 7, 2013 11:00am EST
. a mixed bag for this group in particular. dagen: we can skip the american airlines potential merger with u.s. airways, the biggest airline in the world. thank you, nicole. connell: blizzard watch for parts of the northeast. dagen: the very latest forecast for us. >> good morning. we have all the ingredients necessary to make for a major storm into friday night. including a big arctic air mass. the coldest temperatures in new england we have seen so far this winter. a storm in the midwest moving in and something we have not seen with any of these through the past week. gulf moisture. you have that storm. soaking rain across the coast, some have your thunderstorms around pensacola, much of this along the i-5 corridor. bringing in not only thunderstorms but tasty, tasty mess in chicago this morning, more than two-hour delays at o'hare. it is going to rapidly intensify moving north and east. we can expect some significant delays not only across new york but into the boston area as well, travel will be nearly shut down. heavy amounts of snow. places like hartford, springfield toward massachusetts
FOX Business
Feb 25, 2013 11:00am EST
hurt u.s. exports and jobs by making u.s. products more expensive in japan, our fourth largest trading partner. the yen is already down 15% or so in the last few months since japan talked up more aggressive steps to stimulate its economy. president obama and the new japanese minister met at the white house on friday. trade was on the agenda; however, no word from either side if they actually discussed corp sigh specifically, but as you recall, two weeks ago, the g20 group of world's largest economies including the u.s. and japan issued a communique on currencies that analysts viewed as an endorsement of japan's aggressive economic maps including a lower yen. for now, doesn't look like the u.s. or other nations move to devalue their concern currencies to respond, but the reliance of american manufacturing warns japan saying, quote, the practice of currency manipulation with a major trading partner such as japan is a subsidy for their products entering our market and a tax on our exports entering their country." >> not been a year there ceoer, and meyer sayings get in the office or get o
FOX Business
Feb 5, 2013 1:00pm EST
have economic numbers showing expanding numbers in the u.s. service. we will take a look at a longer term chart. back to you. lori: thank you, as always. melissa: breaking news. the budget office releasing the latest numbers. what we can expect our deficit to be. rich: $845 billion for this year. this is the first time in five years. let's take a look at the next ten years. then it starts to climb up again. the aging of the population and interest payments begin hitting the budget even harder. all the way to 2023. pat -- that added to the national debt. it is expected to be $26 trillion by the year 2023. 1.4% by next year. an increase in growth by 4.4%. 2019-2023, that 2.2%. a percent average on the unemployment rate. next year at 7.6%. that would be six consecutive years at unemployment more than 7.5%. as for the debt held by the public, that is expected to stay above 73%. a little information on how much the tarp program, that bank bailout, it will cost federal government $22 billion. $85 billion are expected to hit the budget this year on march 1. undoing that will add one and a q
FOX Business
Feb 6, 2013 11:00am EST
justice department memo came by nbc and revealed that the u.s. government can order the killing of any american citizen believed to be associated with al qaeda. connell: judge andrew napolitano is here. your take on what we have been hearing about drones and the legality of them. >> federal judges and ordinary citizens have been seeking the legal research on which the government has relied that they can kill if they are in harm of national security. suddenly, it shows up in an nbc newsroom earlier this week. they really have made fools of the judges who spent hours and days and weeks struggling over the laws involved here. the document itself is breathtaking and chilling in the cavalier way that suggests that the president, actually it does not even say the president, any informed high level u.s. government official can strip and american of his or her constitutional protections and ordered the killing of the american if the person is overseas, if it is difficult to arrest that person and it is likely they will harm national security. danger is not defined. this is the power claimed by
FOX Business
Feb 13, 2013 11:00am EST
of a free trade deal. we have the european union ambassador to the u.s. with us now in d.c. we will approach this or at least try to from the perspective of the united states and what it means for u.s. jobs. what is in it for us? >> there is a lot for americans and there is a lot for europeans. i think this means more jobs, more growth through increased trade and investment on both sides of the atlantic. this is the name of the game. we are talking about the biggest economic bloc in the world. connell: right. there is already a ton of trade. this is already happening. what would the big change. >> the change is clear. we want to reduce tariffs. we want to reduce nontariff barriers. we want to bring things that do not make sense. we put ourselves in a very strong position as regards to a merging economies. we can have increased leverage over the way the globalized economy is organized. connell: now, when ms. similar type discussion was taking place in the 90s, when they were talking about nafta, the same arguments were made. after it had been in place, some people came back and said we did no
FOX Business
Feb 27, 2013 11:00am EST
are completely different. u.s. insurance companies hold about 5 trillion dollars in assets today. in the fed's proposed rule on capital standards, the rule is by bank regulators which makes sense for banks but they also apply to insurance companies. and insurance and banking are very different as i know you agree. strong capital standards, they are important. but they must be appropriate for a business model they apply to. will the fed perform a study specific to insurance before you finalize rules like you do for banks? >> we are discussing the feasibility of such a study. we recognize that there are important differences between banks and insurance companies. at the same time, of course, we have statutory constraints, the collins amendment, for example, that say a certain amount of capital is necessary, but we've also heard from congress about this insurance banking distinction, and we're looking at it very seriously. we have been consulting i should say with the state insurance regulators work the federal insurance office, with the industry, with a lot of other stake holders to make sure
FOX Business
Feb 11, 2013 1:00pm EST
between american airlines and u.s. airways. melissa: the hottest thing on the nasdaq stock exchange may be the nasdaq itself. charlie gasparino is here as they talk to go private. lori: without any further ado, let's get you updated on the markets. we are joined by lauren simonetti. >> i want to particularly take a look at goldman sachs right now. hitting a new annual high. the investment bank says that equity markets kind of went too fast. they will slow down a little bit on their global theme. however, maintain will be tough. it is just too hard to maintain. we have the strongest start since the 1990s. melissa: oil prices rising for the first time in days. fox business contributor phil flynn is our man in the pits of the cme. >> what a reversal. oil prices were below $95 a barrel. everyone thought that they would start coming back down. a lot of focus, of course, a lot of talk about these currency wars. they have a major impact on the price of crude oil. we do not think that the euro is too strong and anyone who wants to tell us otherwise, you will have a problem. we rallied in a few
FOX Business
Feb 22, 2013 1:00pm EST
%. their reasoning behind that is the u.s. oil production. we are up 376 million in total inventory. that is 10% higher than where we were one year ago today. dependence on opec, dependent on nigeria. i still think route oil prices slide a little bit more. ashley: very interesting. thank you so much. shibani: the s&p 500 is up more than 5% in the 2013 year. we are recovering, but have stocks hit their ceiling? our next guest causes a fake market rally. a little bit of a head fake. i know you have not been a believer. it seems that two days ago your predictions that this was a fake market rally were right. now, we are back up. what do you make of all this volatility? >> we need to put it into perspective. the federal reserve seeks control of this market through quantitative easing. that is what propels the market. the market starts to falter whenever there is even a little bit of hesitation. i think if you really drowned out into the economic numbers, this far into a so-called recovery, it is very difficult to give any kind of justification to a market advancing at that point. so good is, that h
FOX Business
Feb 26, 2013 1:00pm EST
, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: we are up 150 points on the dow and the only bad news is we were down 200 points yesterday. tracy: i think it lee will be talked about, sequester will be talked about and this market will play sideways until then. maybe you think i am crazy. lori: that is beside the point. [talking over each other] lori: who are you? john kerry? he had a big gap in a new country. anyway. good afternoon once again. i am lori rothman. melissa: i am melissa frances. senator's attack ben bernanke and the fed's bond buying program. the fed chairman says the benefits of the easy money policy out raise the rest. president obama on the road in virginia with a warning for shipbill is about automatic spending cuts but no sign
FOX Business
Feb 26, 2013 11:00am EST
%. >> okay. i just have a minute on bozell 3, where is it on implementation in europe and u.s.? bring us up-to-date. this is a very important i think regulatory challenge. >> as you know we put out a proposed rule on bozell 3. we received a lot of comments. we worked through the comments. we've continued to talk to our international partners and we are planning to have a final ruling out on it, i can't give you an exact date but somewhere in the middle of this year, and with the aim to be -- beginning the implementation of it during 2013. i would point out also that as far as we can tell through our stress tests and other measures virtually all of our banks are already on track to meet the requirements. it is not a question of the banks not being adequately capitalized. they are already either at or about to reach the capital levels. >> what about europe and their banks? >> europe is also in the process of implementing it. their banking system is weaker i think. it has strengthened some in recent quarters. we are discussing with them some of the details o f their plans, some of which differ
FOX Business
Feb 13, 2013 1:00pm EST
, but it is not a final step. it can only really address what the u.s. government does and does not do, cannot make congress have to do something. i think the effort here is to move forward with a collaborative process in which the private sector works with the government so they are not facing unrealistic mandate. also to make sure we are raising our game in terms of defense all across the critical infrastructure. congress will have to act to really complete the process. melissa: what you think about practices that there would be some federal agency that enforces it. that sounds like the sec trying to deal with and monitor trading and although there are many flaws and problems, please there is a revelatory body out with a set of rules enforcing them. would that work when applied to cyber security? >> in certain areas of the economy we already have preparatory agencies that have looked at cyber security and have made it part of what the requirements are. other parts of critical infrastructure don't have those kind of revelatory bodies, so you're going to have to even it out. the executive order doe
FOX Business
Feb 12, 2013 1:00pm EST
sector to sector. melissa: thank you so much. lori: u.s. companies have a different outlook, almost 70% of the companies that have issued guidance for the first quarter are anticipating negative earnings. investors perhaps are not? joining me now, senior manager of global market intelligence, before we get to the earnings news i hear you guys are getting back into your offices which were so badly damaged after hurricane sandy, how is that working out? >> beginning next week we will start filtering in. lori: you haven't stopped for a second, analyzing all of these numbers, so why are so many companies warning us in the first quarter? >> we have seen this in the past quarter, the disparity between what investors are seeing and what the companies themselves are seeing. we see investors pay more attention to economic indicato indicators, pmi was up, same-store retail sales, overall a pretty decent fourth quarter earnings season. going forward for the first half of the year, 58 companies have provided negative guidance compared to 22 positive. negative to positive ratio very high. lori: whe
FOX Business
Feb 12, 2013 11:00am EST
condemnation to north corey after that country's third nuclear test. u.s. officials said the underground blasts, roughly twice as large as north korea's previous tests in 2009. president obama is calling north korea's nuclear action, quote, highly provocative. expected to vote on chuck hagel's nomination as defense secretary of a the former combat veteran facing opposition from fellow republicans for the past votes and statements on israel, iran, iraq and nuclear weapons. the international olympic committee announcing it will drop rustling from the 2020 olympics. wrestling has been an olympic event since the first modern games in athens in 1896. elastic to these to be dropped for baseball and softball in 2005. that is look at the news headlines making news right now. connell: we have been talking about a big push for immigration reform a number of times on this show the last few days, state of the union tonight but some members of congress, business community as well making an argument for immigration reform based on economics and we talk about this, united nations foundation vice president of
FOX Business
Feb 21, 2013 11:00am EST
minutes. dennis: how the currencies are faring against the u.s. dollar. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity theft was until i lost my credit and eventually i lost my home. >> announcer: credit monitoring is not enough, because it tells you after the fact, sometimes as much as 30 days later. with lifelock, as soon as our network spots a threat to your identity, you'll get a proactive risk alert, protecting you before you become a victim
FOX Business
Feb 28, 2013 1:00pm EST
leak of classified material in u.s. history, offers guilty pleas for ten of the 22 charges against him. he would be pleading guilty to sending hundreds of thousands of classified documents to the wikileaks welcomes, and if the judge accepts it, he faces 20 years in prison. those are the latest headlines, back to ashley. ashley: thank you so much. we appreciate that. all right, stock alert. dow hitting session highs adding to gains after the big jumps seen over the past two sessions. 50 points shy of the all-time high. we're on track for all three averages, and that makeses it, by the way, four straight. look at the leaders on the dow right now including coca-cola, verizon, and the big winner, hp. the market continues its climb north. lori: california bad for business? that's what texas governor rick perry said on a recruiting trip pointing a finger at the state's high tax burden. we are live in california with more on the tax plight from california. adam? >> well, the people here in california feel the finger that governor perry pointed at them was not number one. it was bad for busine
FOX Business
Feb 8, 2013 11:00am EST
exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understandheonnections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dagen: you are looking live outside our studio in new york city. conditions are only expected to get worse as the day goes on. adrian will tell us where conditions are the worst right now. >> we have had some pretty nasty conditions. we have the snow extending into the hartford area. some spots in and around new york city still seeing some snow. some spots are already transitioning to rain. it will be transitioning back to snow as we had closer to the evening hours. a lot of places picking up one-2 feet of the white stuff. dagen: can you call those sweet spots? [ laughter ] 3 that depends. dagen: adrian, they give so much. some of the best real estate in t
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